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January 27, 2015

Liberal Anti-Fracking Groups Getting Funding from Secretive Russia-Connected Sources

 
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Very interesting and well-researched piece today suggesting that the evidence is piling up about U.S. anti-fracking campaigns being funded (in part at least) by Russian interests.

Read the whole thing. Very detailed. But here's an excerpt:

A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.

One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president of a London-based investment firm whose president until recently chaired the board of the state-owned Russian oil company Rosneft.

In addition to those roles, Hoskins is a director at a company called Klein Ltd. No one knows where that firm’s money comes from. Its only publicly documented activities have been transfers of $23 million to U.S. environmentalist groups that push policies that would hamstring surging American oil and gas production, which has hurt Russia’s energy-reliant economy.

Time for the anti-frackers to stop ridiculing this line of argument. It's going to blow up on you.




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